The worldwide semiconductor market is expected to increase by 25.6% in 2021

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WSTS expects the worldwide semiconductor market growth to rise from 6.8% in 2020 to 25.6% in the year 2021, which corresponds to a market size of US$ 553 billion. The semiconductor market overall was not negatively impacted by the Covid-19 pandemic in 2021. Robust consumer demand pushed all major product categories to double-digit growth-rates, except Optoelectronics. The largest growth contributors are Memory with 34.6%, followed by Analog with 30.9% and Logic with 27.3%. In 2021 all geographical regions are expected to show a double-digit growth. The Asia Pacific region is expected to grow 26.7%. Europe is expected to recover totally in 2021 and is expected to show a market increase of 25.6%. The Americas are expected to show a growth of 24.6% and Japan 19.5%. For 2022, the global semiconductor market is projected to grow by 8.8% to US$ 601 billion, driven by a double-digit growth of the Sensors and Logic category.